Forecast: Vehicles Production in Argentina

From 2013 to 2023, Argentina experienced a general decline in vehicle production, beginning with 791.01 thousand units in 2013 and ending at 428.44 thousand units in 2023. Annual variations show substantial drops from 2013 to 2017, followed by a steadier decline with notable dips in 2019 and 2020. Though there was a short uptick in production in 2021 and 2022, the overall Compound Annual Growth Rate (CAGR) over the past five years remains negative at -1.69%.

Forecasted data from 2024 to 2028 suggests a continued decline in production, with an average annual decrease of 1.5% (5-year CAGR). The vehicle production is predicted to drop from 418.69 thousand units in 2024 to 388.23 thousand units by 2028, indicating a forecasted 7.28% reduction over this period.

Future trends to watch for:

• Macroeconomic policies and their impact on the automotive sector.
• Shifts in consumer preferences, especially toward electric vehicles.
• Global supply chain dynamics and raw material availability.
• Tariff policies and international trade agreements.